In most banks, insurers, and other financial institutions, silos are not an exception – they are the default. There is a different system for each aspect of operations, for example risk lives in one system while compliance exists in another. On the surface this approach to GRC looks like specialization. In practice, it can create blind spots.

This is where an effective GRC platform can transform your operations. However, it’s important to choose the correct system for your organization, so these silos are not perpetuated.

Predict360 is GRC platform that bridges regulatory silos within your organization.

Read on to understand what silos cost financial organizations, what to look for in a GRC platform that genuinely bridges them, and how Predict360 fits into that picture.

Regulatory Silos in Financial Services

If your team operates without this vital integration, it may work with valuable insights, but these will only provide a partial overview from which to make enterprise decisions. We can categorize silos within financial organizations into three different categories:

  • Organizational silos
  • Tool silos
  • Data silos

The Cost of Separation

Regulatory silos are not just an efficiency issue; they are a structural risk. Their impact tends to accumulate across several dimensions:

Risk Description
Higher risk of non‑compliance Fragmented data makes it more difficult to evidence end-to-end control and oversight.
Incomplete view of enterprise risk Without a unified risk and compliance view, leadership cannot see how these risks intersect, nor can they prioritize mitigations based on enterprise impact.
Duplicated effort and costs Similar activities are often repeated, such as:
  • Duplicate assessments
  • Control testing
  • Evidence gathering
Slower response to regulatory change Each silo must independently interpret regulatory updates, map them to its own obligations, and update local controls or policies.
Weaker culture of accountability It can be unclear who owns a given regulatory risk and whether issues are remediated on time.

How to Choose an Effective GRC Platform

Industry guidance and evaluations from sources such as ISACA, GRC vendors, and advisory firms converge on a common set of selection criteria: general considerations, functional capabilities, and non‑functional qualities like usability and scalability.

The core test of any GRC platform is whether it can serve as a single system of record for governance, risk, and compliance. Leading integrated solutions position themselves explicitly as unified risk management platforms,consolidating:

Your GRC platform should be able to:

  • Integrate with core banking, trading, claims, and policy administration systems to ingest relevant events and data for risk and compliance monitoring.
  • Support hub-and-spoke or multi‑entity models where corporate standards and reporting are centralized, but local teams can manage their own registers, controls, and assessments within a shared platform.
  • Connect to BI tools to surface risk and compliance insights alongside financial and operational metrics.

This combination is what turns a GRC platform into infrastructure for breaking silos, rather than a new silo that sits outside your operations.

Leveraging AI with Predict360

Siloed GRC programs are often reactive, struggling to keep up with regulatory obligations and incident backlogs. Integrated GRC platforms increasingly use analytics and AI to detect patterns, link data across modules, and automate repetitive tasks:

  • AI can map controls and policies to multiple regulatory frameworks, identify content overlaps, and streamline gap analysis.
  • Analytics can bring together risk, incident, and compliance performance indicators to highlight systemic issues across silos.
  • Automation can sequence remediation tasks, generate assessments, and trigger alerts when risk thresholds are breached.

Predict360 is a cloud based, AI powered risk and compliance intelligence platform that vertically integrates the following aspects as a leading GRC platform:

Capability How it helps bridge regulatory silos
Unified GRC functions Consolidates point solutions and provides shared visibility across risk, compliance, audit, and business lines.
Single source of truth Teams can see how risks intersect, which controls satisfy multiple requirements, and how issues or incidents impact the broader risk posture.
Industry alignment SOC 2 Type II certified with access to banking‑specific risk and control libraries.
Workflow automation Automates scheduling and execution of compliance tests, regulatory change workflows, approvals, and remediation tasks, all with full audit trails.
AI predictive insights Uses AI, machine learning, and natural language processing to ingest internal and external risk and regulatory data, highlight emerging risk areas, and track regulatory changes.

For financial organizations looking to break regulatory silos, a platform like Predict360 offers a practical path:

  • Consolidating tools
  • Centralizing data
  • Aligning teams

By focusing on unified data, deep functional coverage, strong integration, usability, and advanced analytics, financial institutions can select a GRC platform that truly bridges silos and strengthens regulatory confidence.

Get in touch with our team to learn more or request a demo to see how this GRC platform works for your team.